The “Economic Well-Being of U.S. Households in 2023” survey, prepared by the Federal Reserve and executed by Ipsos, has revealed that only 7% of the people polled held or used cryptocurrency in the U.S. The survey, which included 11,400 respondents, contrasts with the over 52 million U.S. citizens who crypto exchange Coinbase claims hold crypto […]
The Biden administration has reaffirmed its support for an autonomous Federal Reserve amid reports of former President Donald Trump's intentions to influence U.S. monetary policy. read more
Plenty of fine dining restaurants are hard to get a reservation for, but one bucolic Maine establishment has a novel solution: a postcard lottery.
The US Department of Energy announced Tuesday that it will sell off a million barrels of gasoline from a small strategic reserve in the northeast, paving the way for its closure. The administration of President Joe Biden painted the move as one that would lower gas prices ahead of the summer season, when millions of […]
Major stock market indexes in the United States closed higher on Tuesday in anticipation of the newest report on mortgage application and home sales, seen as an indicator of what the Federal Reserves
(The Center Square) – Americans are feeling the pain of high prices, according to new federal data. The Federal Reserve Board on Tuesday released its Survey of Household Economics and Decisionmaking, which showed Americans report that they are doing worse than before the COVID-19 pandemic and they cite inflation as a top concern. “Despite the moderating pace of inflation, many adults continued to indicate that higher prices were a challenge in managing their...
More colour to the last interest rate decision will be detailed in the board’s minutes from the May meeting. Borrowers were spared more interest rate pain and rates were left unchanged, as was widely anticipated, but the Reserve Bank governor confirmed another hike was a topic of discussion. Of interest in the minutes, due for […]
By Matt Stiles and Byron Manley, CNN (CNN) — High temperatures affect public health across wide swaths of the United States each summer, causing spikes in emergency room visits and hundreds of heat-related deaths. As temperatures rise, CNN is tracking extreme heat conditions and the potential risk for Americans each day. To help prepare Americans
Two House Democrats are demanding that the Department of Energy report projected lifecycle emissions for seven federally-funded hydrogen hubs. First reported by Politico, Reps. Jamie Raskin of Maryland and Don Beyer of Virginia wrote a letter to the Energy Department's of Office of Clean Energy Demonstrations (OCED) asking for clarification on the
Fatal drownings are a big risk for small-scale fishers on Africa's largest lake, with many of those deaths attributed to bad weather—conditions that are likely to worsen with climate change, according to a new study.
While price growth has fallen sharply, with April’s 3.4% lower than March’s 3.5%, it is still higher than Fed’s medium-term goal of 2%Policymakers at the Federal Reserve have expressed concern over stalling progress in their fight to bring down inflation.Although price growth has fallen sharply since peaking at its highest levels in a generation two years ago, it has remained stubbornly above where officials want it to be. Continue reading
The Federal Reserve on Wednesday released minutes from its April 30-May 1 policy meeting.